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Author Topic: Accounts P3 doubts here  (Read 9814 times)

Offline Dasith

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Re: Accounts P3 doubts here
« Reply #15 on: November 15, 2011, 09:00:16 am »
Its there in my prev post, yea it involves long term debt anyway heres da formula again...

"Return on capital employed = Return(profit) / (Equity + long term debts or debts > 1 year )"
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Offline cs

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Re: Accounts P3 doubts here
« Reply #16 on: November 15, 2011, 11:26:59 am »
must have missed it, sorry and Thanks Dasith
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Offline cs

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Re: Accounts P3 doubts here
« Reply #17 on: November 16, 2011, 09:50:31 am »
i did June2011

and having doubts if anyone can help urgently tyvm
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Offline Somiwhd

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Re: Accounts P3 doubts here
« Reply #18 on: November 16, 2011, 11:56:02 am »
could anyone answer the final ans for this:
inventory at 3o april 2010 cost 230000 this incudes inventory costing 20000 has a net realisation value of 9000.
what is inventory at 30 april?
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Offline cs

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Re: Accounts P3 doubts here
« Reply #19 on: November 17, 2011, 01:08:33 pm »
anyone willing to help please, exam is less than 24hr :)
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Alpha

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Re: Accounts P3 doubts here
« Reply #20 on: November 17, 2011, 01:15:57 pm »
Quote from: cs on November 16, 2011, 09:50:31 am
i did June2011

and having doubts if anyone can help urgently tyvm

7)

Net assets of Ess= 250 000.
Cash goes out, Net assets of Ess= 250 000 - 100 000 = 150 000.
Buys business of Tee, worth 100 000 (i.e. 80 000 net assets+ 20 000 goodwill), Net assets of Ess= 150 000 + 100 000 = 250 000.

8 )

1.5 m - net assets taken over.
Net assets taken over= 400k + 120k - 200k

Don't mind... but you need revision. The questions are direct.  :-\

http://www.thestudentroom.co.uk/wiki/Category:A_Level_Accounts_Revision_Notes



« Last Edit: November 17, 2011, 01:17:34 pm by ~Alpha »
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Offline cs

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Re: Accounts P3 doubts here
« Reply #21 on: November 17, 2011, 03:33:02 pm »
Quote from: ~Alpha on November 17, 2011, 01:15:57 pm
7)

Net assets of Ess= 250 000.
Cash goes out, Net assets of Ess= 250 000 - 100 000 = 150 000.
Buys business of Tee, worth 100 000 (i.e. 80 000 net assets+ 20 000 goodwill), Net assets of Ess= 150 000 + 100 000 = 250 000.

8 )

1.5 m - net assets taken over.
Net assets taken over= 400k + 120k - 200k

Don't mind... but you need revision. The questions are direct.  :-\

http://www.thestudentroom.co.uk/wiki/Category:A_Level_Accounts_Revision_Notes





Thank you, after looking at it, i can solve no.8, i can't get 11,19. but thanks for your help. i manage to practice those pass year question, hope its enough, will do my best  :)
edit: finally, solved the rest :D sorry for asking easy questions  :)
« Last Edit: November 17, 2011, 03:50:24 pm by cs »
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Alpha

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Re: Accounts P3 doubts here
« Reply #22 on: November 17, 2011, 03:52:00 pm »
Quote from: cs on November 17, 2011, 03:33:02 pm
Thank you, after looking at it, i can solve no.8, i can't get 11,19. but thanks for your help. i manage to practice those pass year question, hope its enough, will do my best  :)

11)

NBV of each share= 50.
15 000 shares, NBV of all shares = 50*15k= 750k.

You'll notice only reserves total is given, share capital is missing. Therefore, share capital= 750k- 420k= 330k.
Nominal value of each share= 330k/15k = 22.


19)

Total value of WIP increase, 60% of 100 (i.e.60 units) instead of 50% of 100 (or 50 units).
Cost of production will decrease because now it's COP/(60+u) instead of COP/(50+u), where u is the number of completed units.


You got it now? :)
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Offline cs

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Re: Accounts P3 doubts here
« Reply #23 on: November 17, 2011, 10:59:20 pm »
Quote from: ~Alpha on November 17, 2011, 03:52:00 pm
11)

NBV of each share= 50.
15 000 shares, NBV of all shares = 50*15k= 750k.

You'll notice only reserves total is given, share capital is missing. Therefore, share capital= 750k- 420k= 330k.
Nominal value of each share= 330k/15k = 22.


19)

Total value of WIP increase, 60% of 100 (i.e.60 units) instead of 50% of 100 (or 50 units).
Cost of production will decrease because now it's COP/(60+u) instead of COP/(50+u), where u is the number of completed units.


You got it now? :)

Thank you so much Alpha for your help :D
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Offline Tohru Kyo Sohma

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Re: Accounts P3 doubts here
« Reply #24 on: January 27, 2012, 07:19:44 pm »
1 The following information has been extracted from the accounts of a company.
                                                                                            at 31 May
                                                                                       year 1      year 2
                                                                                          $            $
operating profit                                                                 700 000    880 000
depreciation                                                                       54 000     62 000
(loss) profit on disposal of non-current (fixed) assets               (18 000)      17 000
working capital (excluding cash and bank)                               107 000     123 000

What is the cash flow from operating activities in the year ended 31 May, year 2?
A $909 000 B $941 000 C $943 000 D $975 000

^is from P33 June 2010 Qns 1
i chose B but it's wrong,how?
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Offline parthrocks1234

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Re: Accounts P3 doubts here
« Reply #25 on: July 15, 2012, 11:18:46 am »
CAN SOMEONE PLZZZZ HELP ME WITH PAST PAPER MAY/JUNE 2007 PAPER 3 ACCOUNTING 9706 A LEVELS CIE...PLZZZZZZZZZZZZZZZZZ...CAN SOMEONE SOLVE THE PAST PAPER AND EXPLAIN ME EACH QUESTION WITH A SHORT BRIEF REASON!!!PLZZZ URGENT.....INTERNAL EXAMS DER...PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
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Offline Dasith

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Re: Accounts P3 doubts here
« Reply #26 on: October 09, 2012, 03:41:30 pm »
Quote from: Tohru Kyo Sohma on January 27, 2012, 07:19:44 pm
1 The following information has been extracted from the accounts of a company.
                                                                                            at 31 May
                                                                                       year 1      year 2
                                                                                          $            $
operating profit                                                                 700 000    880 000
depreciation                                                                       54 000     62 000
(loss) profit on disposal of non-current (fixed) assets               (18 000)      17 000
working capital (excluding cash and bank)                               107 000     123 000

What is the cash flow from operating activities in the year ended 31 May, year 2?
A $909 000 B $941 000 C $943 000 D $975 000

^is from P33 June 2010 Qns 1
i chose B but it's wrong,how?

I think what you did wrong here was you added the working capital(the increase in working capital) to the operating profit, which is wrong , since increase in working capital is a cash outflow it should be deducted...
(yea i knw im pretty late on this post... thaught it might just help the rest who's reading..)
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Offline Dasith

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Re: Accounts P3 doubts here
« Reply #27 on: October 09, 2012, 03:43:30 pm »
Quote from: parthrocks1234 on July 15, 2012, 11:18:46 am
CAN SOMEONE PLZZZZ HELP ME WITH PAST PAPER MAY/JUNE 2007 PAPER 3 ACCOUNTING 9706 A LEVELS CIE...PLZZZZZZZZZZZZZZZZZ...CAN SOMEONE SOLVE THE PAST PAPER AND EXPLAIN ME EACH QUESTION WITH A SHORT BRIEF REASON!!!PLZZZ URGENT.....INTERNAL EXAMS DER...PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Explaining a whole paper involves a lot of time which i don't really have .. you could attempt the paper yourself & just ask the difficult ones maybe ?
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Offline Yummy

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Re: Accounts P3 doubts here
« Reply #28 on: April 29, 2013, 04:05:04 pm »
can any1 help with may/june 2009 Q12? How did we get C?
 ???
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Alpha

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Re: Accounts P3 doubts here
« Reply #29 on: April 30, 2013, 07:00:23 am »
Quote from: Manal Ezazi on April 29, 2013, 04:05:04 pm
can any1 help with may/june 2009 Q12? How did we get C?
 ???

$000

Purchases, at cost = 450
Purchases, at selling price = 500 sold+ 50 in stock at SP = 550

So, for every $1 of SP, there is an element of 450/550 profit.
i.e. for $500 of SP, there is an element of (450/550)*500 profit.

So. G.P = 500 - (450/550)*500 profit.
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